Dedicated to Deposits: Deals, Data, and Discussion

E-LOAN's New CD Rates: 4.26% 12-Month and 3.95% 9-Month

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E-LOAN.com
E-LOAN raised its CD rates today. The two largest rate increases were on the 9 and 12-month term. The 9-month CD yield is now 3.95% APY, and the 12-month CD yield is now 4.26% APY. The minimum deposit is $10,000.

Below is the full list of E-LOAN's new CD yields. To highlight how rates have changed recently and in the past two months, I've included the old June rates and the rates from last week. You can see that most of the rate hikes have been on the 9 and 12-month terms. I did a similar comparison in this June post. At that time most of the rate hikes were on the longer term CDs.

New and old certificate of deposit yields as of 8/12/08

CD TERM OLD APY NEW APY CHANGE
8/02/08 8/12/08
3 month 3.36% 3.41% +0.05
6 month 3.76% 3.77% +0.01
9 month 3.81% 3.95% +0.14
12 month 4.15% 4.26% +0.10
18 month 4.20% 4.20% -
24 month 4.36% 4.36% -
36 month 4.61% 4.66% +0.05
48 month 4.76% 4.82% +0.06
60 month 5.01% 5.10% +0.09
72 month 5.10% 5.10% -


CD TERM OLD APY NEW APY CHANGE
6/24/08 8/12/08
3 month 3.30% 3.41% +0.11
6 month 3.61% 3.77% +0.16
9 month 3.65% 3.95% +0.30
12 month 3.91% 4.26% +0.35
18 month 4.10% 4.20% +0.10
24 month 4.25% 4.36% +0.11
36 month 4.45% 4.66% +0.21
48 month 4.71% 4.82% +0.11
60 month 5.00% 5.10% +0.10
72 month 5.10% 5.10% -

For more details about E-LOAN's CDs, please refer to my April 30th E-LOAN CD post.

E-LOAN also has 1 and 2-month CDs, but I don't know why anyone would want these. The yields are lower than the savings account yield.

For more details about E-LOAN's savings account, please refer to this post.

E-LOAN is a subsidiary of Banco Popular North America (BPNA), a New York state chartered bank. E-LOAN's deposit products are insured by the FDIC through BPNA (FDIC Certificate # 34967). BPNA has a 3 star rating (adequate) at BauerFinancial based on 3/31/08 data.
  Tags: CD rates, E-LOAN.com

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